BUREAU SVG: what changed
BUREAU SVG
Largest movements
- Cash -€447,853
no longer reported in 2025 (was €447,853)
mainly Debts after one year (-€1.3m) and Current portion of long-term debt (-€184,106)
- Tangible fixed assets -€66,272
down €66,272 (-48.8%), from €135,709 to €69,436
of which Furniture and vehicles: -€42,850
- Receivables within one year +€65,761
up €65,761 (+15.5%), from €424,987 to €490,748
of which Trade receivables: +€93,346
- Debts after one year -€1.3m
no longer reported in 2025 (was €1.3m)
- Other debts +€748,568
up €748,568 (+1,974%), from €37,923 to €786,492
- Trade debts +€266,204
up €266,204 (+157%), from €169,830 to €436,034
- Current portion of long-term debt -€184,106
no longer reported in 2025 (was €184,106)
- Profit (loss) carried forward +€100,644
up €100,644 (+25.7%), from €391,864 to €492,508
- Gross operating margin -€68,664
down €68,664 (-11.0%), from €625,318 to €556,654
- Depreciation -€61,320
down €61,320 (-66.8%), from €91,733 to €30,412
- Staff costs -€46,094
down €46,094 (-13.7%), from €336,346 to €290,252
- Financial charges +€35,580
up €35,580 (+217%), from €16,386 to €51,967
- Write-downs +€22,548
new in 2025: €22,548
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,222,902 | €1,772,293 | -€450,609 | -20.3% |
| Fixed assets | 21/28 | €1,335,859 | €1,269,586 | -€66,272 | -5.0% |
| Tangible fixed assets | 22/27 | €135,709 | €69,436 | -€66,272 | -48.8% |
| Furniture and vehicles | 24 | €52,722 | €9,872 | -€42,850 | -81.3% |
| Other tangible fixed assets | 26 | €82,986 | €59,564 | -€23,423 | -28.2% |
| Financial fixed assets | 28 | €1,200,150 | €1,200,150 | = | 0.0% |
| Current assets | 29/58 | €887,043 | €502,707 | -€384,337 | -43.3% |
| Amounts receivable within one year | 40/41 | €424,987 | €490,748 | +€65,761 | +15.5% |
| Trade receivables | 40 | €397,402 | €490,748 | +€93,346 | +23.5% |
| Other amounts receivable | 41 | €27,585 | - | -€27,585 | |
| Cash at bank and in hand | 54/58 | €447,853 | - | -€447,853 | |
| Deferred charges and accrued income | 490/1 | €14,203 | €11,959 | -€2,244 | -15.8% |
| Total equity and liabilities | 10/49 | €2,222,902 | €1,772,293 | -€450,609 | -20.3% |
| Equity | 10/15 | €393,364 | €494,008 | +€100,644 | +25.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,864 | €492,508 | +€100,644 | +25.7% |
| Amounts payable | 17/49 | €1,829,538 | €1,278,285 | -€551,253 | -30.1% |
| Amounts payable after more than one year | 17 | €1,323,917 | - | -€1.3m | |
| Financial debts | 170/4 | €1,323,917 | - | -€1.3m | |
| Amounts payable within one year | 42/48 | €504,682 | €1,278,285 | +€773,602 | +153% |
| Current portion of amounts payable after more than one year | 42 | €184,106 | - | -€184,106 | |
| Financial debts | 43 | - | €4,247 | +€4,247 | |
| Credit institutions | 430/8 | - | €4,247 | +€4,247 | |
| Trade debts | 44 | €169,830 | €436,034 | +€266,204 | +157% |
| Suppliers | 440/4 | €169,830 | €436,034 | +€266,204 | +157% |
| Taxes, remuneration and social security | 45 | €112,823 | €51,512 | -€61,311 | -54.3% |
| Taxes | 450/3 | €70,816 | €28,401 | -€42,415 | -59.9% |
| Remuneration and social security | 454/9 | €42,007 | €23,111 | -€18,896 | -45.0% |
| Other amounts payable | 47/48 | €37,923 | €786,492 | +€748,568 | +1,974% |
| Accrued charges and deferred income | 492/3 | €939 | - | -€939 | |
| Remuneration, social security and pensions | 62 | €336,346 | €290,252 | -€46,094 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,733 | €30,412 | -€61,320 | -66.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,548 | +€22,548 | |
| Other operating charges | 640/8 | €1,708 | €2,139 | +€431 | +25.2% |
| Non-recurring operating charges | 66A | €559 | €19,124 | +€18,566 | +3,324% |
| Gross operating margin | 9900 | €625,318 | €556,654 | -€68,664 | -11.0% |
| Operating profit (loss) | 9901 | €194,973 | €192,178 | -€2,794 | -1.4% |
| Financial income | 75/76B | €9,305 | €4,861 | -€4,444 | -47.8% |
| Recurring financial income | 75 | €9,305 | €4,861 | -€4,444 | -47.8% |
| Financial charges | 65/66B | €16,386 | €51,967 | +€35,580 | +217% |
| Recurring financial charges | 65 | €16,386 | €51,967 | +€35,580 | +217% |
| Profit (loss) for the period before taxes | 9903 | €187,891 | €145,073 | -€42,818 | -22.8% |
| Income taxes | 67/77 | €57,659 | €44,429 | -€13,230 | -22.9% |
| Profit (loss) for the period | 9904 | €130,233 | €100,644 | -€29,588 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,233 | €100,644 | -€29,588 | -22.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.